Ethereum daily active addresses have grown 127% year-to-date, mostly driven by L2. In addition, the situation is even more obvious from the perspective of independent users, with the number of independent users on L2 far exceeding that of Ethereum network users, almost 3 times as much.

Since the Dencun upgrade in March 2024, Ethereum network fees have dropped significantly, falling 58% in the second quarter compared to the first quarter, which is very good for practicality, but it will affect the benefits that ETH holders can get from transactions.